Natural gas idea

6 Oca 2023

The chart says it all. Lets see if this level will hold. Long with a tight stoploss.

9 Oca 2023

Not

Starting to look positive. We are at 3.942 now. But this move up has been a bit 'easy'. We cannot rule out it getting messy with big moves up and down. In that case it will probably try to break the trendline once more (and make a double bottom). Since I am long I am hoping we go straight up.

11 Oca 2023

Not

As I thought things got messy. As I wrote yesterday we made a nice double bottom. We will have to see if it will hold. Use a tight stoploss. We also cannot rule out a daily fakeout below the channel and closing back above the channel. In that case open long position again after it hits back above the trendline.

11 Oca 2023

Not

It is starting to look like it has indeed made a fakeout to the downside. It bounced back to the original trendline level. Lets see if it can hold or bounce further. A daily closing above the trendline will confirm it was a fakeout.

13 Oca 2023

Not

Well, it is messy. We just dropped to the trendline level again for a third time. Third time's a charm or will the level finally break?